Cornell University employees challenging their retirement plan’s service provider arrangements at the US Supreme Court received support from multiple groups and law professors backing their view of the Employee Retirement Income Security Act’s prohibited transaction rules.
Both AARP Foundation and the American Association for Justice urged the high court to shoot down the “heightened pleading standard” used to reject ERISA prohibited transaction claims centered on Cornell’s arrangements with retirement plan service providers. Such an “unattainable standard” is contrary to ERISA’s text and purpose, because it requires plaintiffs to plead information about fiduciary processes that they can’t be expected to know ...
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Trump Truth Social posts continue to spark explosive reactions from Democrats and Republicans alike. Just this month, a racist video depicting the Obamas triggered unprecedented bipartisan backlas...